Finding Text
Finding 2022-001: Considered a significant deficiency District's Response: The District concurs with the facts of this finding and is implementing procedures to prevent this in the future. Criteria: The District's fund balance in the food service fund is required to be less than three months of food service expenditures Condition: Williamston Community Schools currently has more than the allowable fund balance in the non-profit good service fund. As a result, the District will be required to develop a spending plan to reduce the balance to an acceptable level during the 2022-2023 school year. The plan must be submitted to the Michigan Department of Education prior to implementation. Excess fund balance cannot be transferred to the general fund. Cause: The District participated in the seamless summer option meal reimbursement program causing a larger than normal increase in the food service fund balance. Effect: At June 30, 2022, the District's food service fund balance was greater than three months of expenditures. Recommendation: The District should implement a budget, as well as the required corrective action plan, for the 2022-2023 school year that will adequately reduce the food service fund balance.